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Dimapur, March 10 (EMN): Nagaland received INR 326.62 crore on March 10 from the department of Expenditure, Ministry of Finance as part of the 12th and final monthly instalment of Post Devolution Deficit (PDRD) grant.
A total amount of INR 3916.94 crore has been released to the state till date, according to information furnished by the Ministry of Finance via PIB.
The update stated that the ministry released the final instalment of PDRD grant of INR 6,194.09 crore to 14 states, including Nagaland, on Tuesday and a total revenue deficit grant of INR 74,340 crore has been released to eligible states in the current financial year 2020-21.
The PDRD grants are provided to the states under Article 275 of the constitution, and released in monthly instalments as per the recommendations of the fifteenth Finance Commission to meet the gap in revenue accounts of the states post devolution, it was informed.
The Finance Commission had recommended PDRD grants to 14 states namely Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.
The eligibility of states to receive this grant and the quantum of grant is decided by the Commission based on the gap between assessment of revenue and expenditure of the state after taking into account the assessed devolution for the financial year 2020-21.
Details of the grant released this month and total amount of post devolution revenue deficit grant released to the Northeast states in 2020-21 (in crore)
